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It will be remembered that some time ago the Montrose bank owned by J. N. Ballard went into the hands of a receiver, Mr. Ballard contended at the time that the bank was safe and would pay out. At the present session of the Henry county circuit court the assignee will make his final settlement. All depositors have received 100 cents on the dollar and the surplus notes, etc., will be turned over to the stockholders to realize what they can.-Osceola Democrat.
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# Judge Ballard Set Right. Speaking of the statement going the rounds that all depositors in the Montrose bank had been paid 100 cents on the dollar, the Montrose Recorder says: Judge Ballard did claim, and has all the time, that the bank was solvent, and begged the board of directors and his friends to stand by him, telling that it being closed and put in the hands of a receiver was a sceme of his enemies to persecute him because they had been unable to use him. Be this as it may, it does seem since the bank has, after two years litigation paying the salaries of both agent and receiver, and enormous fees to two or three high priced lawyers amounting to several thousand dollars, been able to pay all depositors in full, also interest on all time deposits to date of maturity, and now having the bank building left, a small surplus in cash, and several thousand dollars in notes uncollected. It does look like Judge Ballard knew what he was saying, and it will be very difficult to convince his friends that he was not, to say the least, badly treated. We regret this mather, as it has been our observation in all financial failures of any prominence there has always been innocent parties injured, and often ruined. Our people sympathize with Judge Ballard, now as he has been forced under these unfortunate circumstances to sacrifice all his entire property to meet the demands for this, in our judgment, uncalled for and unjustified proceedings.